18 November 2013 03:31 [Source: ICIS news]
SINGAPORE (ICIS)--Korea Kumho Petrochemical Co (KKPC) may continue to run its butadiene rubber (BR) plants at an average rate of 40% into December if market conditions do not improve, a company source said on Monday.
The company has two BR plants – a 220,000 tonne/year unit and a 120,000 tonne/year unit – in Yeosu.
“We are running our BR plants at an accumulated average rate of 40% capacity in November and will continue to run at this reduced rate into December if demand remains weak,” the source said.
On 14 November, high-cis BR prices were assessed at an average of $2,100/tonne (€1,554/tonne) CFR (cost and freight) northeast (NE) Asia, flat for the past three weeks and down by about 2.3% from mid-October, according to ICIS data.
KKPC is a major synthetic rubber producer in Asia.
($1 = €0.74)
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